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S. 4931 118th Congress Senate

Renewable Chemicals Act of 2024

Official title: A bill to amend the Internal Revenue Code of 1986 to provide credits for the production of renewable chemicals and investments in renewable chemical production facilities, and for other purposes.

Introduced: August 1, 2024 See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed Senate
Passed House
To President
Became law
Aug 1, 2024
Read twice and referred to the Committee on Finance.
Aug 1, 2024
Introduced in Senate
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 Latest action August 1, 2024

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Renewable Chemicals Act of 2024

This bill allows a new tax credit for the production of renewable chemicals. Specifically, it allows a credit for u p to 15% of the sales price of each pound of a renewable chemical. A renewable chemical is any chemical that is produced in the United States from renewable biomass and is not less than 95% biobased content. 

The bill also allows a 30% tax credit for investment in renewable chemical production facilities. 

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 2

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • BASF CORPORATION
    for BASF CORPORATION · New Jersey · 2nd Quarter 2025 (Apr 1 - June 30)
  • BASF CORPORATION
    for BASF CORPORATION · New Jersey · 1st Quarter 2025 (Jan 1 - Mar 31)

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

 Cosponsors 1
All 1 Republican 1
R
Ricketts, Pete
Nebraska · Aug 1, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4931: Renewable Chemicals Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-S-4931/
MLA
"S. 4931: Renewable Chemicals Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-4931/.
Bluebook (legal)
S. 4931, 118th Cong. (2026), https://openamerica.io/bill/118-S-4931/.
Markdown link
[S. 4931: Renewable Chemicals Act of 2024](https://openamerica.io/bill/118-S-4931/)
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